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CNBC
Jan 25, 2013 4:00am EST
economy in the fourth quarter. those figures will be out in just under 30 minutes. >>> the governors of the banks of italy -- trade in siena. and imf's christine legarde tells us that central bank stimulus is still needed. >> we have the central bank on the one hand which have done quite a lot, which have been the fireman, in a way. and you have the policymakers on the other hand particularly in the eurozone who have made some progress and need to keep the momentum. >> now, any minute now, we're expecting the results from germany's ifo institute. january business climate index survey is expected to rise to a reading of 103 from 102.4 in december. this, of course, follows an increase in expectations in the dew survey earlier this week. we've seen an increase in the pmi surveys for germany over the last couple of months. as the german economy particularly looking to climb out of its contraction in the fourth quarter, we're waiting on the ifo senior va to tell us whether sentiment broadly speaking is picking up in line with that development. now here we're getting the survey. it would thou
WHUT
Jan 25, 2013 7:30am EST
economy back on track, in particular battling years of deflation here. you can imagine really on the defensive today refuting claims of currency manipulation made by germany's leader. this came after germany's chancellor said japan's easing monetary measures could devalue the yen. the finance minister denied the accusation. >> translator: japan is pursuing bold economic measures to pull the country out of deflation, not to manipulate the currency. >> the japanese currency is trading at its weakest level in two years and seven months. he said this is a sign that excessive strength of the yen is being corrected now. economic revitalization minister also said he in tends to seek more understanding regarding japan's financial policy at the annual meeting of the world economic forum. he's taking part in the meeting from saturday. >>> meanwhile the head of the bank of japan stressed the central bank will continue promoting seamless and powerful monetary easing. the governor gave an address in tokyo on friday pep said an inflation target and mormon tear easing to achieve it are needed becau
FOX Business
Jan 24, 2013 8:00pm EST
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >> republicans sharpening their budget knives. democrats just licking their political shops. frankly, we don't know what all the fuss is about. ♪ welcome, everybody. i'm cheryl casone. republicans planning to outdo paul ryan with a budget blueprint that has democrats crying. we are wondering why. this is a ten year plan. in the lot can change into an years. does look at how things change the last ten years. ten years ago barack obama was unknown. in years ago lance armstrong was like to. in years ago there was no iphone. i think it was called itunes. a lot has happened in ten years. it makes you wonder what will happen in the next ten years which is making our next guest wonder if the fuss over these cuts is all for
FOX Business
Jan 24, 2013 11:00pm EST
best way to describe what happens. think of the economy and where it could be in tin years. unemployment, the rate of inflation with the federal reserve policies, we might be looking in a significant threat of inflation. so in the amount of budget cutting that they do, the value of dollars cut will be diminished. cheryl: she has a great point, and there is another issue. in fact, if you look at overall what congress can are cannot do in the next and here's, they're going to change their minds. we have seen that with the fight over entitlement programs. everyone comes in saying there will address medicare, social security and medicaid, and they never do it because reelection comes of senate and later. >> well, in fact, we should be celebrating an anniversary, popping champagne corks because it was exactly 12 years ago tomorrow that alan greenspan testified before congress and said the biggest challenge this country has in terms of fiscal issues is that the budget surplus is getting so large that we will have no choice but to buy stock in private companies. twelve years later
CNBC
Jan 25, 2013 3:00pm EST
driven economy to consumption. so you're probably not going to see double digit growth but i think 8% is in the cards. >> is the u.s. still the best place? >> yes. >> to invest, guys? >> mandy, what is frightening here is that we all agree that some of the best opportunities are overseas. perhaps those markets need to play catch up here. i would also add that commodities have been an area left in the dust. if the fed is very successful, igniting inflation, which may be in the cards in the future commodities would be a place to hedge someone's portfolio as they get out of bonds into equities right now. very quickly we're noting today apple is, let me put it this way. exxon is close to overtaking apple as the most valuable stock in the world. significant at all? are you guys watching that at all? >> we are watching it. it is old schools coming back to modern day trading markets that are here. we've all watched apple. we've seen the run in apple. everyone is very familiar with the stock and the products. it just got to prices that were way too lofty for retail investors and when we start ge
PBS
Jan 24, 2013 6:00pm PST
to prioritize where he's going to put his time. >> brown: well, you know, he spoke about the economy, getting the economy right first and foremost. he said "more than ever foreign policy is economic policy." did that sound right to you? >> i think that's right and i think this is a man who's grown up, really, in the political military side of foreign policy and national security and i think one of the challenges will be for him to recognize that the economic instrument in trade is really very important. if you look at asia, the coin of the realm in asia is trade and economics and, you know, if we're going to have a rebalancing toward asia, it needs to be an economics and trade overwhelmingly. so he's got, i think, a real opportunity to help lead the administration in using all of our instruments for national power influence, particularly economic and trade. >> brown: what do you think -- i mean, i know what you think about -- we talked about this in your last book about the need for economic thinking, i guess, changing the way we think about the world. but do you think that the admin
WETA
Jan 24, 2013 7:00pm EST
growing economy and asks, is it headed for a crash? >> wages are rising for the burgeoning middle class, but for hardscrabble factory workers: mounting protests against unlivable wages and working conditions. >> ifill: and vice president joe biden hangs out with hari sreenivasan on google plus to talk about gun violence. >> make your voices heard. this town listens when people rise up and speak. >> ifill: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the u.s. military has a new order of the day: working up plans for putting women on the front lines. the process was set in motion today at the pentagon. >> not everyone is going to be able to be a c
PBS
Jan 24, 2013 7:00pm PST
economy will grow 2.5% in the coming fiscal year. that's due to stimulus measures and a global economic recovery. a large scale economic package will push up the gross domestic product. they forecast a moderate global economic recovery will lift corporate sentiment and boost spending on plant and equipment. the officials expect people will rush to make more purchases including things like houses before a plant consumption tax hike in april 2014. the government has concluded that the economy will expand 5 2.5% in real terms and 2.7% in nominal terms. based on the assumption that prices will pick up modestly the government projects nominal growth will exceed real growth for the first time in 16 years. the dollar is gaining further ground against the yen. earlier it hit a high. now it's changing hands to 39 yen. traders have seen rates drop to a five-year low. that's provided a brighter outlook for the american economy. the consumer price index dropped in december for a second month running as well. the euro is trading higher and that's being quoted at 120.77 to 79 against the yen
CSPAN
Jan 25, 2013 6:00am EST
not so subtle signal that the focus of our country is on the farm economy of washington, d.c. instead of that really come out here in charlotte, new orleans, and cheyenne. we as republicans have to accept government number crunching. it is not the answer to our nation's problems. we've got to face one cold hard fact -- washington is a dysfunctional that any budget proposed based on fiscal sanity will be deemed not series by the media and it will fail in the united states senate and will not make it to the president's desk where he would veto it anyway. any serious proposal to restrain government growth is immediately deemed non-serious in washington, d.c. the balanced budget amendment is called non-serious as are term limits, capping federal growth to the growth of the private sector economy is deemed not serious in washington, d.c. anything serious is deemed not serious in washington d.c.. when senator obama voted against raising the debt ceiling, he said he was doing so because the national debt was at an outrageous $8 trillion. he clarified for a fact -- $8 trillion, trill
WETA
Jan 25, 2013 6:30pm EST
don't think that people have been overly optimistic on the economy. and, we've seen autos really rebounding over the last year. we're really starting to see improvement in the housing market. so, i think those are some very fundamental pieces of the economy that could really lead to some stronger growth in the future. >> reporter: as for retail investors rediscovering stocks this january, not everyone thinks the reunion is for real. some experts say the market will have to rally a lot longer before that happens. suzanne pratt, "n.b.r.," new york. >> susie: from a smartphone in your hand to a smartphone in your glasses, still ahead, the latest fashion trend: wearable technology. exxon-mobil is back on top. it's reclaimed the coveted title as the world's most valuable company. apple now slips to number two. exxon is worth an estimated $417 billion and apple is $4 billion less. since apple hit $700 a share in september. it has lost roughly $250 billion in value. the change comes exactly one year after the tech titan knocked the oil giant out of the top spot. shares of microsoft ende
WETA
Jan 25, 2013 6:00pm EST
. in belgium, more people turn to handouts to survive the growing economy. -- the grim economy. the russian parliament about a draft law banning homosexual propaganda. there was only one deputy that voted against it in the lower house. outside, passion spilled over to scuffles on the street. police made arrests after the gay-rights supporters were insulted by opponents. steve rosenberg reports from moscow. >> ahead of the debate inside the russian parliament, there was drama outside on the street. gay-rights activists. police detained 20 people. later, military police turned their attention to the controversial bill. pass the first hearing by a huge margin. it will prohibit the spread of homosexual propaganda in the wording which presence of children. it would mean across russia public events promoting gay rights could be broken up and the organizers find -- fined. >> we see open propaganda that harms. young people will decide on their own how to live in the future and what orientation to choose. >> this draft bill sends a bad signal to society of repression and limitation of civil
CSPAN
Jan 25, 2013 6:00am EST
% of our economy, which is completely manageable. this has shot up dramatically and it's going to continue to shoot up under current policies. the evidence is very clear in academic literature. it's very clear in international observation. there comes a point where your debt in terms of your economy reaches leve a level in which ct markets become noticeably disturbed and you become very worried. and if it's -- rising interest rates which then spread throughout the economy. mortgage rates and consumer rights and so forth. this is a certainty, and it is the path we are on that will have extreme consequences that we are not used to think about in this country spend i asked the question how much time do we really have. you know, with the u.s. per person debt now 35% higher at. wendy think we face our greek moment -- when do you think we take our greek moment to get our fiscal house in order? >> right now we are having good news-bad news situation. the good news is that despite all that we have done wrong, we're still one of the safest places in the world to invest. there's a lot of pl
NBC
Jan 25, 2013 6:30pm EST
>>> on our broadcast tonight, signs of life in the american economy. near record highs on wall street, a housing turn-around under way. the problem is, a lot of americans aren't feeling it yet. >>> there is a new outbreak to worry about, spreading like wildfire across our country. and unlike the flu, for this one there is no vaccine. >>> the dark cloud hanging over a big american city. doctors say the air is so bad, it's the equivalent of forcing every resident to become a heavy smoker. >>> and seeing red. a push by republicans to change the way we elect a president. if these had been the rules across the map in november, we would have president romney. >>> also, a big night for the biggest blockbuster of all-time. "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >>> good evening. the evidence is now unmistaka e unmistakable. aspects of the u.s. economy after a long and difficult period of darkness appear to be getting more robust. and while there are lots of numbers out to prove the point of an improvi
WHUT
Jan 25, 2013 7:00am EST
better -- >> britain's economy shrank by 2.3%, worse than expected. i could make it more difficult, more expensive for it to borrow. since 2008, britain has emerged from the recession twice now, only to slide back into economic contraction, a double-dip recession. there has never been a triple- dip since the 1950's. actually, uk firms are still hiring people. >> when you look at employment, you have to look at the part of wage growth, and wage growth is negative in real terms. if you take into account inflation. the u.k.'s competitiveness is still improving, and that is why firms who are not getting the headline numbers are still willing to take people on. that is why you see this dichotomy between the employment situation, what is happening to the economy. >> u.k. figures are not good. how does the u.k. compared to continental europe? >> in terms of growth, it is difficult to compare because they go in and out of recession at different times. the unemployment is one of the key ones. britain has done remarkably well. it is something of a mystery, and it has to do with that lowering
CNBC
Jan 25, 2013 6:00am EST
. we'll talk to gouldsby about jumging the economy. i don't know if he's good about -- >> he's been pretty spot on. >> but we're going to hear up some of the party line from him. i saw some of the stuff he says. we're going to find out why we're doing a little better and is whether it's going to continue. let's get the national forecast now. oh, my man is back, the weather channel's reynolds wolf. i told you that the last time. cold weather. >> that's right. >> climate change, snow climate change, no snow, climate change. any variability. and we know about weather over the years, over the millions and billions of years. we know that it never -- the median line is because of all this variability. so it goes like this and then we get to the middle. but now, anything that is not right on that middle average is now seen as, oh, something is happening. >> reynolds is going, what? >> no. he is with me. he knows exactly what i'm saying. every single thing is because of co2 emissions now, reynolds. >> i am just absorbing this. i am just absorbing this. no, we have to talk, man, seriously. a
CBS
Jan 24, 2013 7:00pm EST
economy and the fed. alan blinder joins us. >> tom: that and more tonight on "n.b.r."! >> susie: just a single cent higher. earnings from software "giant" microsoft were only a penny more than what analysts were expecting. microsoft shares slipped as much as 2% on the news in after hours trading. here are the numbers: microsoft earned $0.76 a share, down 3.7% from a year ago. revenues rose more than 2.5% to $21.5 billion, but also below expectations. the results mark the first quarter to include sales of microsoft's new windows 8 operating system, and its tablet computer, the "surface". sales of its windows division jumped 24%, but no financial details on the surface tablet. we'll have more analysis on microsoft, in a just a moment. >> tom: the other big tech story today: apple and its big fall following yesterday's lackluster results. the stock lost 12% of its value or $63 a share, closing at $450 and change. suzanne pratt reports. >> reporter: no doubt this was a sour day for investors. not only did the stock log its largest dollar drop ever, but the shares are now trading at their lo
PBS
Jan 24, 2013 4:30pm PST
chairman of the federal reserve, talks with us about the debt crisis, the economy and the fed. alan blinder joins us. >> tom: that and more tonight on "n.b.r."! >> susie: just a single cent higher. earnings from software "giant" microsoft were only a penny more than what anysts were expecting. microsoft shares slipped as much as 2% on the news in after hours trading. here are the numbers: microsoft earned $0.76 a share, down 3.7% from a year ago. revenues rose more than 2.5% to $21.5 billion, but also below expectations. the results mark the first quarter to include sales of microsoft's new windows 8 operating system, and its tablet computer, the "surface". sales of its windows division jumped 24%, but no financial details on the surface tablet. wel haveore analysis on microsoft, in a just a moment. >> tom: the other big tech story today: apple and its big fall following yesterday's lackluster results. the stock lost 12% of its value or $63 a share, closing at $450 and change. suzanne pratt reports. >> reporter: no doubt this was a sour day for investors. not only did the stock log
LINKTV
Jan 25, 2013 3:00pm PST
compound may have been occupied by traders from far-off monte alban, an indication of a complex economy here. bill sanders. one of the aspects of culture that is extraordinarily variable is the economy. economy means the ownership of property and the production and distribution of goods. there are cultures and economies in which every nuclear family is self-sufficient. and then there are economies where there is considerable interdependence among the various households. one of the measures of economic complexity is just the amount of what we call division of labor -- occupational specialization. keach: archaeologists have recently discovered evidence of occupational specialization in teotihuacan, like the manufacture of clay figurines. figurines came in a variety of styles, many painted and highly detailed. thousands of these sculpted faces have been discovered. they were probably used in ritual. many are exactly the same, indicating they were mass produced in molds. across the atlantic is fez, morocco, a city that has changed little in a thousand years. here can be found an analogy for
MSNBC
Jan 25, 2013 7:00am PST
. real median family income is going down. so the economy has got to be at the very, very top. second of all in my view, when scientists tell us that if we don't get a handle on global warming, the planet may warm by eight degrees by the end of the century with devastating consequences, of course we have to move away from fossil fuel in a dramatic way. transform our energy system. by the way, we can create jobs doing that. right now our republican friends, when you talk about want to do entilement reform, it's not entitlement reform. let's be clear. it's massive cuts in social security, medicare, veterans programs, medicaid. >> you know their argument is that you can't just raise taxes. you have to, at some point, you have to get your fiscal house in order and that means cuts to some of these entitlement programs. >> no it does not. when you talk about getting your fiscal house in order, that's correct, but our republican friends forget to mention that at 15.8%, revenue compared to gdp, that is the lowest percentage in 60 years. when clinton gave us a balanced budget, revenue was about 2
CSPAN
Jan 24, 2013 11:00pm EST
charles of reuters discuss the effect of the ongoing drought is having on the u.s. economy and food prices. plus, your e-mails, phone calls, and tweets. washington journal live at 7:00 a.m. eastern on c-span. >> one of the key themes, of course, for any exhibition on the civil wars are the abolition and e mans nation. we are fortunate that they came of age what they did. between the two of them, they make issues around e mans passion and abolition. issues around human rights and american freedom on a general nonrace specific level. ly go through every piece of include that johnson puts in the picture. i'll summarize by saying for you pay attention to the top half as well as the bottom half. what you get is a white cat in the bedroom window and dark skin black woman holding a child. there's a ladder and a fabric coming out the other. there's a way in and out without being seen. there's a rooster up here. roosters have a habit in the evening of finding a perch and calling to the hen to spend the night with them. the hen is on top of the slave quarters. if you add up of the little ins
MSNBC
Jan 25, 2013 10:00am PST
, that you couldn't get too far out ahead of slashing the budget during a weak economy. the other thing, of course, is financial reform. did and he the president put in place some things along with congress that boo prevent another financial disaster? >> we'll be looking forward to your interview with paul ryan, his first interview since the election. >> first interview since the election. we'll have a lot to talk about in terms of the future of the party. >> thank you very much. >> and now to discuss the future of the republican party, haley barbour, former chair of the republican governors association joins us now from capitol hill. thank you very much. good to see you. let's talk about bobby jindahl's instructions to the republicans at the winter meeting. we can't be the stupid party. do you think that your fellow republicans have figured out a way forward where they won't be the quoting bobby jindahl "the stupid party?" >> i think he is talking about during the campaign we had a couple of candidates for senator who made stupid remarks that not only hurt them in their own races, but
CNBC
Jan 25, 2013 1:00pm EST
side one by one. and the economy is picking up. europe is looking better. you look at the european automobile manufacturers, bmws are up 35% last year. so i think everything is fine and i think that, you know, the old cliche is don't fight it and i think as the public realizes, and people realize the market is not going to come back. >> it's been great having you again. we appreciate your patience and we look forward to having you back soon. guys, leave us with a thought from each of you if you would. set us up for next week. we are at the point in the market we haven't been for five years. s&p 500 hanging out. industrial average point away from its all-time high. >> there is a lot to look forward to and you know a lot of it will be about what transpired on our network for the last 45 minutes. herbalife will be on everybody's lips even though that is not the economy. economy is doing better than we expected. we talked about german business confidence and so forth. but there certainly will be a new focus on herbalife, scott. and that's going to be my focus into next week. >> there's
CNBC
Jan 24, 2013 7:00pm EST
the transports rising. what does that mean? to me that's bullish for the economy. >> if you look at some of the trucking names. normally take out the airlines. the airlines have done quite well if they reduced capacity although if you look at some of the reports i think it was u.s. air, but i believe they said that some of their seats were down a bit even though they cut capacity. that was a little bit of a warning sign. even on trucking side it was okay. but now as a trader and investing in the market you have to hook six months ahead. what will happen coming down. we know everything is done well. we know they are up 7%. what's the next move. that's where you get concern. >> we look at the leading indicators. pmi from china, europe, u.s. today the leading indicators in that sentiment indicator is telling us we're not done. we could bleed higher in terms of economic sentiment and economic activity and the new orders component the global pmi looks like it will print above 50 in january for the first time in eight months. >> i'm sure there's a stock market correction. >> when? >> the
FOX Business
Jan 25, 2013 5:00pm EST
know, we're not there yet, the american economy is nos recovered, worried about the credit, and we kept it going, a real testament to him and his moral leadership on this. melissa: steve, are you that gracious? >> no, i wouldn't be that gracious. i give him a "d" -- melissa: oh, oh, a "d"! >> a generous "d," and i see what sigh san is saying in that i think the strength was he was more an ideolog, a strength, but he has to answer for the dramatically escalating debt that took place while he was treasury secretary. the fact that the president didn't take it very seriously, and then his comment to paul ryan i thought was a telling one saying to paul ryan we don't have a definitive solution to the problem, but we don't like yours. you got to have solutions if you're the secretary of treasury. melissa: tim, what do you think? can you cut it in the middle. we have an a and a d, what do you give him? >> actually, i feel right in the best place. i give him a c-plus, better than average, better than average. he had a tough job over the last four years, and i'm not sure anybody could have s
PBS
Jan 25, 2013 1:00am PST
jobs market at a time where we are not really seeing other signs of the economy reinforce it. i'd like to see some reinforcing signals and we're not, but for the time being two weeks of numbers this low are very tantalizing. >> reporter: jobless claims are now at roughly the same level they were in early 2008. also, don't forget that up until this week's cold-weather snap, temperatures were unseasonably warm, letting builders continue projects in what would typically be snowy weather. >> temperatures have been above normal and typically when you do have above normal temperatures economic activity and in particular jobless claims do show some bias for exaggerated improvement that perhaps we may not get the layoffs that are typical around this year in particular in the construction industry. >> reporter: construction is expected to continue to be strong, estimates have the industry adding as many as 140,000 jobs this year, that's up from a meager 18,000 in 2012. but construction is just one sector, and, much like the weather in january, the jobs picture could go from hot to cold jus
KICU
Jan 25, 2013 4:00am PST
that, but ultimately at the end of the day we have got a decent economy now that is slowly but surely- i am not going to say it's great- but it is better than it was, and i think that's helping that oil price, and i think that the market will shrug off anything from overseas right now. i think if it was a middle eastern problem, yes. but right now, not north korea. > there was a major fallout from apple's disappointing earnings. how much further will this stock fall, do you think? where is the bottom here? > > i think it could go probably another 10% more. i think it could be the $410, $400 level, because i think ultimately it has fallen out of favor. like sometimes a bar just becomes unpopular for no good reason. i think that has kind of happened to apple here. they have lost steve jobs obviously, they haven't had anything really new to roll out. so they are going to have to have some sort of event to stop the slide. > scott shellady of trean group. good to talk to you today. have a nice weekend. > > ok. all hands are on deck to get to the bottom of boeing's battery troubles. that's
FOX Business
Jan 25, 2013 4:00pm EST
roll the private sector is playing in the rebuilding of his country and his economy. david: before we get started on this hour, we want to tell you what drove the markets with today's data. a sea of green on wall street with all three major indices ending week higher. dow, s&p and nasdaq posting a fourth straight week of gains the dow is the week's winner, closing up 1.%. all 10 s&p sectors ending the trading day higher led by consumer discretionary and energy. the euro hitting a 11-month high versus the dollar after the ecb said banks will pay back loans faster than expected. euro rising to $1.34 in intraday trading against the greenback. >>> new home sales as we mentioned before falling last month dropping to an annual rate of 3509,000. that is last month's drop did not derail the previous gains. housing sales posted the best year since 2009, jumping 20% from a year ago, sandy. >> we have our market panel. jeff saut, chief investment strategist at raymond james. david steinberg, dls capital managing partner. let's first start with mark. the take on the rally here. it is good news
CNN
Jan 25, 2013 12:00pm EST
personal freedom, political freedom, jobs, a better economy. incredibly hosni mubarak was ousted from power. however, at this point many egyptians not happy. the people behind us are not celebrating, they're protesting. >> i understand you spoke to a number of protesters. what is the issue here? what is the problem with the new leadership? why are they out on the streets? why are they upset? >> reporter: the opposition, the protesters have many issues. maybe that's one of their obstacles. not finding one issue to unite over. they're concerned because they say they've been pushed out of the political process. they're concerned about their rights. here's what that protester had to tell us. >> everybody is protesting. what did we get since two years? nothing. nothing achieved. >> reporter: the president says be patient. this is part of the process. >> we need a sign. look at the constitution. look at the constitution. is this a constitution for all egyptians? >> reporter: he said people voted on it. >> how many voted? 15 million or 52 million? 10 million said yes and can this be possible
CNBC
Jan 25, 2013 12:00pm EST
the economy isn't falling apart. interest rates aren't going up. that's when things get interesting. >> let's open up to the traders. steve, the market does continue. this creep higher earnings news comes in but expectations had come down so much perhaps the bar was low enough for the companies to meet the expectations or exceed them in many cases. where do we go from here? >> i think that's a good point. expectations are what the market trades on. expectations were low enough where companies by and large had come out with beats. expectations on the global economy were weak. draghi came out with second half growth in europe this year. we had other good news in the economy. housing starts not as good. i bet we see a good jobs number next week on top of claims yesterday. claims continue to go much higher. >> what will happen as you get more gains. >> i like technology. we are seeing them come out and spend. they are hiring as well. that means more technology. you have to be careful. you can't go into the old tech names. play the qualcomms. i continue to like financials. i think that w
CBS
Jan 25, 2013 6:30pm EST
u.s. economy. here's what ken frazer, c.e.o. of the pharmaceutical giant merck, had to say. >> i think the u.s. economy is poised to take off. i think it's been through some tough times. i think it's the strongest economy in the world. i think the big challenge for us is to come up with long-term solutions to the debt and deficit situation that will create greater certainty for people to make investments. >> reporter: the c.e.o. of j.p. morgan chase, jamie dimon, said here in davos that he thinks the table is set now for strong economic growth in the u.s. the c.e.o. of coca-cola told me here "we're still walking on ice" but if his words "everyone now believes the ice is going to hold." >> pelley: but, anthony, the last financial catastrophe was because a bubble burst. and what are the chances this is a bubble in the stock market? >> reporter: well, i think, scott, some people are concerned the market may be getting a little ahead of itself here, that ordinary investors are rushing back in. but it is fueled by some very encouraging economic news and we'll get another barometer of
CNBC
Jan 25, 2013 2:00pm EST
. optimism with the u.s. and global economies are improving as we head toward week and the dow, s&p and nasdaq now all on track to post weekly gains. the nasdaq actually reversed in an earlier decline for the week even as apple continues to fall today yet another 52-week low for the tech giant. this despite -- or i should say, what is fuelling the nasdaq right now, offsetting weakness in apple is strength we are seeing in semi conductors in the wake of good earnings news and the like of kla-tecor. let's take a quick look at apple. sorry, i went out of order there. a terrible past five month force apple. but of course we want to look at what i consider to be the stock of the day. that's herbalife. take a look at its shares. up about 3% or so. did spike during fast money. volume pulled up after that. but it is moving towards session highs. as is the dow. mandy and brian, back to you. >> mary, thank you very much. certainly is the stock of the day. in case you haven't noticed, folks, markets are getting their mojo back in a big way. we are hitting is you per la tifrs, but check this ou
FOX Business
Jan 24, 2013 9:00pm EST
regulations, which have an impact of over $100 million. those are the things hurting our economy making it harder for hard-working taxpayers. john: to be paired up president obama's taxpayers, president obama is not the first to do this. >> if you go back to the founding fathers, if men were angels, we would need lots. about is why we have a checks and balances system of government and the president doesn't believe that that applies to him even when i go back to our first president, george washington said political parties are likely in the course of time to become potent engines in which cunning and ambitious and principled -- unprincipled men assert from themselves the reins of government for unjust dominion. do you see that in washington? >> i want to improve the quality of life of the american people. what you have now seen with that, and we have seen what the president's campaign team, they have moved back to a nonprofit and they are going to take money from unions and corporations. they will not say that they will report how much they get each of those corporations and they say that
MSNBC
Jan 25, 2013 4:00pm EST
modern time. you have delivered less and less from our economy, particularly for hispanics and african-americans. >> dana, the stock market is at a five-time high -- a five-year high. unemployment is at a five-year low. he says on the one hand he wants to reach out. you can see the shares in the dow jones right now. what is this man talking about? please, translate it because i'm not intelligent enough to understand it. >> there is apparently a bit of a mixed message occurring at the rnc winter meeting. >> in the very brain of the chairman. >> i think bobby jindal had a point where he said we need to stop being the party of austerity. we need to stop saying how good we can be at shrinking and cutting government. that is not a winning message. he's absolutely right about that. and then you have the party here in washington doing exactly what he said not to do, and you have paul ryan coming forward and saying, yes, i'm going to -- we lost the election so i'm actually going to double down on this. i'm going to cut 40% of the federal government out over the next ten years because t
FOX Business
Jan 25, 2013 12:00am EST
an impact of over $100 million. those are the things hurting our economy making it harder for hard-working taxpayers. john: to be paired up president obama's taxpayers, president obama is not the first to do this. >> if you go back to the founding fathers, if men were angels, we would need lots. about is why we have a checks and balances system of government and the president doesn't believe that that applies to him even when i go back to our first president, george washington said political parties are likely in the course of time to become potent engines in which cunning and ambitious and principled -- unprincipled men assert from themselves the reins of government for unjust dominion. do you see that in washington? >> i want to improve the quality of life of the american people. what you have now seen with that, and we have seen what the president's campaign team, they have moved back to a nonprofit and they are going to take money from unions and corporations. they will not say that they will report how much they get each of those corporations and they say that they would use i
CBS
Jan 25, 2013 7:00am PST
from minneapolis. >>> from weather to the economy, you hope the world economy is on wall street, but now in switzerland. many are in davos for the annual world economic forum but this year their focus is not on europe. anthony mason joins us from davos. anthony good morning. >> reporter: good morning, charlie. maybe it's the bracing mountain air but there's been a pronounced mood swing in davos. 12 months ago it looked like the financial collapse in europe could lead to a global recession. what a difference a year makes. in the hallways and meeting rooms of the world economic forum where top bankers, business leaders and politicians come every year to swap intelligence there's a sense the global economy has finally turned a corner. as ken frazier, ceo of pharmaceutical giant merck. >> i think the u.s. economy is poised to take off. i think it's been through some tough times. i think it's the strongest economy in the world. >> reporter: the imf forecasts the global economy will grow 3.5% this year a healthy number, and if there's debate about how soon things will get better, muhtar ke
SFGTV2
Jan 25, 2013 11:00am PST
the direction of a modern sustainable green economy, what we call now distributed generations of people producing and consuming energy. this is happening at an incredible pace in california and i know california like this is and we want to connect with california. some of the events will require the supports of the leaders that are here present, the leaders of the italian american associations. i am very proud to say that all of the leaders of the italian american associations are gathered today, mr. mayor, and senator assembly man and board of supervisors is here to celebrate with us and ramona blackwell who with the committee of the italians abroad and elected body and we will need your support and it's not just top down but bottom up. we're are open to your ideas and suggestions. we want it to a great celebration and people are in charge and in power and they will also run the show. that's our objective. by the way also have guests from outside california and salt lake city -- i don't know where he is because i can't see anything with the lights. there he is. thank you mike fo
FOX News
Jan 25, 2013 10:00am PST
, number one, look at the numbers, number one by far, strengthening the economy. 86% say that's number one for them. number two, improving the job situation, 79% say that's what they want focused on and number three, reducing the budget deficit at 72%, that number on the budget deficit is up 20 points from when president obama started his term in office. so, those are the priorities of the american people. and does president obama have his eye on the ball? ng me now heidi harris, the host of the heidi harris show and if you look at the agenda items spelled out in the president's inaugural address because he's talking about gay rights and immigration reform and climate change, heidi, and the american people seem to be talking about something very different. >> they are, and it's interesting how he didn't spend any time at all on the economy, building bridges and roads, that's really not going to improve the economy and that's pretty much all he said about it in his speech. it shows that he's not listening to what the american people want. and doesn't surprise a lot of folks, his vision of a
Comedy Central
Jan 25, 2013 1:00am PST
economy and so many pandas they have been forced to a two panda policy. from now on in china, this is true, only two pandas per family. the place is just ripe with (bleep) pandas. guess what? the grass isn't always greener. >> in china, hazardous record high pollution levels in beijing have prompted an orange fog warning. >> jon: this brings us to the new segment things may be bad but at least we can't chew our air. unemployment is not coming down, the economy is stagnant. let me stop you right there. >> just being outside can make eyes itch and throats burn. >> one expert told me it's becoming an instant motor vehicler. >> jon: s oh, my god, a billion instant smokers. how many marlboro miles could they get? think of china as a wheezing smoker. >> are you expected to talk. >> jon: so, mr. bond, i expect you to -- brb clearing throat] i [clearing throat] [ laughter ] where were we, mr. bond? sorry. [ laughter ] were so gridlocked the senate can't reform the filibuster. stop. >> wash we wipe a thin layer that accumulated on most cars. that is soot and grime. this is my own air purifi
CBS
Jan 25, 2013 5:00pm EST
europe's content. in belgium, more people turn to handouts to survive the growing economy. -- the grim economy. the russian parliament about a draft law banning homosexual propaganda. there was only one deputy that voted against it in the lower house. outside, passion spilled over to scuffles on the street. police made arrests after the gay-rights supporters were insulted by opponents. steve rosenberg reports from moscow. >> ahead of the debate inside the russian parliament, there was drama outside on the street. gay-rights activists. police detained 20 people. later, military police turned their attention to the controversial bill. pass the first hearing by a huge margin. it will prohibit the spread of homosexual propaganda in the wording which presence of children. it would mean across russia public events promoting gay rights could be broken up and the organizers find -- fined. >> we see open propaganda that harms. young people will decide on their own how to live in the future and what orientation to choose. >> this draft bill sends a bad signal to society of repression and limitat
CSPAN
Jan 25, 2013 5:00pm EST
, something that's very important as we think about the economy of the united states coming and as you point out, the other developing countries around the world. one of the efforts of this administration has been to promote business advocacy abroad for domestic businesses at home. i led a trade mission to india about a year and a half ago with a number of businesses from new and church, and they talked about how important it was to have that support from the state officials in india as they were looking to try to establish those business relationships. can you talk about how you might continue that and continue that this is something you would be focused on an unwilling to continue to support? >> well, as i said in my opening, i think foreign policy is increasingly economic policy, and we have an undersecretary for economic affairs, economics, energy etc.. i think that the state department historical use to have a foreign commercial service back in 1979. it slipped away. i think the secretary had the time -- i think that is something we ought to be doing in a very significant way. obv
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